Ho Tung Chemical (TPE:1714) Inventory Turnover : 2.16 (As of Dec. 2024)

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What is Ho Tung Chemical Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Ho Tung Chemical's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$5,420 Mil. Ho Tung Chemical's Average Total Inventories for the quarter that ended in Dec. 2024 was NT$2,513 Mil. Ho Tung Chemical's Inventory Turnover for the quarter that ended in Dec. 2024 was 2.16.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Ho Tung Chemical's Days Inventory for the three months ended in Dec. 2024 was 42.31.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Ho Tung Chemical's Inventory-to-Revenue for the quarter that ended in Dec. 2024 was 0.42.

Ho Tung Chemical Inventory Turnover Historical Data

The historical data trend for Ho Tung Chemical's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ho Tung Chemical Inventory Turnover Chart

Ho Tung Chemical Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Inventory Turnover

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6.39

6.99

8.17

7.72

7.63

Ho Tung Chemical Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Inventory Turnover	Get a 7-Day Free Trial															1.95	1.72	1.66	1.83	2.16

Ho Tung Chemical Inventory Turnover Calculation

Ho Tung Chemical's Inventory Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Inventory Turnover (A: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2024 )	/ (	(Total Inventories (A: Dec. 2023 )	+	Total Inventories (A: Dec. 2024 ))	/	count )
=	18699.696	/ (	(2244.344	+	2657.718)	/	2 )
=	18699.696	/	2451.031
=	7.63

Ho Tung Chemical's Inventory Turnover for the quarter that ended in Dec. 2024 is calculated as

	Inventory Turnover (Q: Dec. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2024 )	/ (	(Total Inventories (Q: Sep. 2024 )	+	Total Inventories (Q: Dec. 2024 ))	/	count )
=	5419.853	/ (	(2368.394	+	2657.718)	/	2 )
=	5419.853	/	2513.056
=	2.16

Ho Tung Chemical (TPE:1714) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Ho Tung Chemical's Days Inventory for the three months ended in Dec. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2024 )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
	=	2513.056	/	5419.853	*	365 / 4
	=	42.31

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Ho Tung Chemical's Inventory to Revenue for the quarter that ended in Dec. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2024 )	/	Revenue (Q: Dec. 2024 )
	=	2513.056	/	6031.153
	=	0.42

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Ho Tung Chemical Inventory Turnover Related Terms

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Ho Tung Chemical Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Ho Tung Chemical Corp (TPE:1714) » Definitions » Inventory Turnover

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Traded in Other Exchanges

N/A

Address

No. 1, Zhugong 2nd Lane, Zhuhouli, Renwu District, Kaohsiung, TWN

Website

https://www.htgroup.com.tw

Ho Tung Chemical Corp is engaged in the manufacturing, processing, and sales of chemicals such as normal paraffin, alkenes, etc. The company's key products comprise Paraffin, Linear Alkylbenzene, Anionic Surfactants, Cationic Surfactants, Non-ionic Surfactants, Amphoteric Surfactants, Solvents, and others. It also focuses on other businesses like oil, investment, and cement. The company's reportable segments are; Chemicals which derives the majority of its revenue, Oil products, Cement, and Investments. Geographically, the company generates a majority of its revenue from China and the rest from Taiwan, other parts of Southeast Asia, and other regions.

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